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NAIF

Oct 01, 2020
NAIF backs CQU digital upgrades, capital works

NAIF backs CQU digital upgrades, capital works

A Northern Australia Infrastructure Facility (NAIF) loan of up to $76 million is set to play a vital role in supporting CQUniversity through the economic downturn caused by the COVID-19 pandemic. Minister for Resources, Water and Northern Australia Keith Pitt said the loan would secure planned capital works and upgrades to digital infrastructure over the next two years at Australia’s largest...

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Sep 30, 2020
Coalition announces NAIF funding reforms

Coalition announces NAIF funding reforms

The Federal Government is moving to make it easier for projects to receive Northern Australia Infrastructure Facility (NAIF) funding and help kick along the country’s economic resurgence from COVID-19. Minister for Resources, Water and Northern Australia Keith Pitt said the 2020-21 Budget would include NAIF reforms which would provide more flexibility, increased risk appetite and widen t...

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Aug 12, 2020
NAIF funds flow for new Cowboys centre

NAIF funds flow for new Cowboys centre

Northern Australia Infrastructure Facility funds should start to flow next week for the North Queensland Cowboys’ training and high-performance centre after sign-off on a $20 million loan.Minister for Resources, Water and Northern Australia Keith Pitt said the NAIF finance meant the Cowboys and Townsville community would have world-class training and sports-medicine facilities which would a...

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Jul 01, 2020
Genex powers ahead with Kidston hydro plans

Genex powers ahead with Kidston hydro plans

Genex Power has pinned down construction pricing and secured a further extension for its NAIF loan offer as it steams towards financial close for the Kidston Pumped Storage Hydro Project. Genex chief executive officer James Harding said the company was focused on starting construction in the coming months – creating an estimated 500 jobs in North Queensland over the next four years. ...

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May 06, 2020
NAIF  backing for $37m beef processing development

NAIF backing for $37m beef processing development

A $37 million Central Queensland beef processing development is a step closer after winning Northern Australia Infrastructure Facility (NAIF) backing. NAIF announced today it had achieved contractual close for a $24 million loan to Signature Onfarm. The loan will help construct a specialist beef processing plant and on-site employee accommodation near Clermont. The project is expected to...

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Apr 21, 2020
NAIF backing for hospital  car park development

NAIF backing for hospital car park development

A $19.75 million NAIF loan has been approved towards Townsville Mater Private Hospital’s ongoing redevelopment project. The Northern Australia Infrastructure Facility loan will fund construction of a 400-space, six-level car park to be built at the hospital’s Pimlico campus. The project, to be completed in September 2021, is expected to support 12 full-time construction jobs Keit...

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Mar 30, 2020
Offtake deal breakthrough for FNQ power project

Offtake deal breakthrough for FNQ power project

Genex Power has secured the energy offtake deal needed to push ahead with the Kidston hydro project in Far North Queensland. EnergyAustralia has agreed to an Energy Storage Services Agreement for up to 30 years for full dispatch rights from the planned 250MW plant. Genex expects to begin construction in the third quarter of this year, creating about 500 jobs over a build time of more than...

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Dec 17, 2019
Loan deal means lift-off for Townsville Airport revamp

Loan deal means lift-off for Townsville Airport revamp

Townsville Airport redevelopment work is expected to kick off this month, with financial close reached on a $50 million Northern Australia Infrastructure Facility (NAIF) loan application. The project is expected to create more than 200 construction jobs and 50 operational jobs. “We are delighted about the financial close on our $50 million NAIF loan, which will allow us to begin work ...

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Dec 03, 2019
NQ Cowboys plan clears  NAIF funding hurdle

NQ Cowboys plan clears NAIF funding hurdle

Resources and Northern Australia Minister Matt Canavan has ticked off approval for a $20 million loan for the North Queensland Cowboys to build a Community, Training and High Performance Centre in Townsville. It comes after the Northern Australia Infrastructure Facility (NAIF) Board last month made an Investment Decision to support the project and provided Senator Canavan a proposal notice, ...

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